Important Current Affairs 26th June 2015 with PDF

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Person in News

Zaheer Abbas

Former Pakistan captainZaheer Abbas has assumed the role of the ICC President on day three of the apex cricket body’s Annual Conference week here.

Zaheer began his one-year term and thanked the ICC Board and the Full Council for confirming his nomination.

Zaheer, 67, played 78 Tests and 62 ODIs from 1969 to 1985 in which he scored 5,062 and 2,572 runs, respectively. He also played in the 1975, 1979 and 1983 ICC Cricket World Cups and captained Pakistan in 14 Tests and 13 ODIs.

With 108 centuries, Zaheer is the only Asian batsman to score a century of first-class centuries as he finished his 22-year career with 34,843 runs.

Zaheer was also an ICC match referee in the 1993 series between Sri Lanka and the West Indies in Sri Lanka.

The ICC has 105 members. The ICC President is required under the body’s Memorandum and Articles of Association to be ‘an iconic former international cricketer of high standing and repute (unless truly exceptional circumstances mean that nobody so qualified is available)’.

National Affairs

INS Teg, a stealth frigate of the Navy today docked at Seychelles” Port Victoria to carry out joint surveillance of the archipelago nation”s Exclusive Economic Zone.

The visit of INS Teg coincides with Seychelles’ National Day celebrations on June 29 in which a 25-member marching contingent and Naval Band will participate. The ship’s integral helicopter will also undertake a fly-past during the event.

International Affairs

A suicide bomber blew himself up during Friday prayers at a Shiite mosque in the Kuwaiti capital, killing 25 people and wounding over 200 others, in an unprecedented attack claimed by the Islamic State group.

A 35-year-old man arrested in connection with the attack today on a French gas factory was investigated nine years ago for radicalisation and has links to the Salafist movement, Interior Minister Bernard Cazeneuve

Russia’‘s former prime minister Yevgeny Primakov, famed for turning around his US-bound plane over the Atlantic upon learning of NATO”s bombing of Serbia in 1999, has died aged 85, the Kremlin said today.

Myanmar and Thailand today destroyed nearly USD 1 billion of seized narcotics to mark World Drugs Day, as the UN said East and Southeast Asia remained the world”s biggest markets for synthetic drugs and heroin.

Philippine officials say China has continued with its major island-making work in at least two reefs in the South China Sea”s Spratly island chain, casting doubt on a Chinese pronouncement that some of its massive construction in seven sites there would end soon.

Russian President Vladimir Putin today called his US counterpart Barack Obama as the two leaders discussed the situation in Ukraine, the “increasingly dangerous” advance of the Islamic State terror group and the Iran nuclear talks among a host of issues.

Economics

India leads regional inflow of Foreign Direct Investment (FDI) in South Asia accounting for $ 34 billion investment during 2014 and the upward trend is likely to continue this year also, according to a UN report which placed China as the world’s largest FDI recipient.

FDI inflows to the country (India) surged by 22 per cent to about $ 34 billion” improving its position to 9th top host country for FDI in 2014, over its rank of 15th in 2013, the UNCTAD’s World Investment Report 2015

The top five recipients in South Asia of FDI inflows were India, followed by Iran, Pakistan and Bangladesh ($ 2 billion each) and Sri Lanka ($ 1 billion).

According to the report, China became the world’s largest recipient of FDI ($ 129 billion) toppling the US ($ 92 billion).

The US had the largest outward flow of FDI ($ 337 billion) followed by Hong Kong-China ($ 142 billion) and China ($ 116 billion).

Government today increased sharply the minimum export price (MEP) of onion by USD 175 per tonne to USD 425 per tonne to ensure adequate domestic supply and contain price rise.

India is expected to launch in December next year the SAARC satellite, proposed by Prime Minister Narendra Modi as a ”gift to the neighbours”, Indian Space Research Organisation Chairman Kiran Kumar today said.

Banking & Finance

Bank stocks today witnessed a selling pressure after the Financial Stability Report said that asset quality deterioration is likely to continue for a few more quarters.

Export-Import (Exim) Bank has extended a line of credit of USD 268.35 million to Tanzania for financing extension of Lake Victoria pipeline.

Further, Exim Bank has also extended buyer’s credit under NationalExport Insurance Account (NEIA) of USD 29.61 million to Tanzania to finance supply of 777 vehicles from India.

RBI Governor Raghuram Rajan has asked central banks from across the world to define “new rules of the game” as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s.

The Great Depression refers to a period of severe global economic downturn in the 1930s, which had affected almost all countries. It began in 1929 and continued till the late 1930s, the longest and most widespread period of global economic depression.

Rajan highlighted the tremendous pressure for growth, which in turn created enormous pressure on central banks to take action. Seven years after the economic crisis of 2008, central banks had a lot, both during and after the crisis, he said.

Rajan also highlighted the need for countries to work together on capital flows.

Awards

Moortidevi Award

The 28th Moortidevi Award for2014 has gone to the work ‘Vyomkesh Darvesh’ written by noted Hindi writer Vishwanath Tripathi.

The award was announced after a selection board with illustrious personalities met at the India International Centre here today under the chairmanship of M Veerappa Moily.

The fictional biography ‘Vyomkesh Darvesh’ is of noted Hindi critic Hazariprasad Dwivedi, considered a doyen of Hindi language.

The Moortidevi Award constituted by the Bhartiya Jnanpith is presented annually for a “contemplative and perceptive work which expresses, underlines and illumines human values rooted in the broad vision of Indian philosophy and cultural heritage.”

Books written in English and all Indian languages are considered for the Prize, which comprises a cash award of Rs four lakhs, a statue and a citation plaque.

Sports

India’s legendary batsman Sachin Tendulkar has been voted the ‘Best Test player’ of the 21st century in an online poll conducted by Cricket Australia’s website.

The former India skipper got the highest number of votes to emerge on top of the list of the 100 best Test players since 2000, in a poll conducted by com.au.

Sri Lanka’s Kumar Sangakkara received the second highest votes, followed by Adam Gilchrist of Australia in the third position.

The 42-year-old Tendulkar, who is the only batsman to have hit 100 international centuries, holds the record for highest run scorer in both Tests and One-Day Internationals.